As per International Monetary Fund (IMF) Lithuania’s nominal gross domestic product is expected to grow at a CAGR of 5.05% from it’s 2015 level of Euro 37.331 billion and reach Euro 52.714 billion by 2022.
Lithuania, located in Eastern Europe along the Baltic Sea, is bordered by Latvia to the north, Belarus to the south and east, Poland to the south, and Russia (Kaliningrad district) to the southwest. The capital of Lithuania is Vilnius. The official language is Lithuanian, and the currency is the euro (EUR).
Lithuania had estimated population of 2.871 million in the year 2016 and expected to reach 2.679 million by 2022, declining at a CAGR of 1.15.Lithuania’s around 1.361 million population was employed in 2016 and the unemployment rate was 7.861% of total labor force.
Lithuania’s real gross domestic product (GDP) was around Euro 34.415billions in 2016 whereas the nominal GDP was Euro 38.631billions. This resulted in GDP deflator 112.25. Per capita GDP was estimated at USD 14890.07 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 29972.33.
In 2016, Lithuania government’s revenue was Euro 13.263billions whereas the expenditure was Euro 13.267billions. This resulted Lithuania government’s net lending / borrowing negative at Euro 0.005 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Lithuania was estimated to be negative at USD 0.379billions for the year 2016 and is expected to decline at a CAGR of 5.59% and reach USD 1.415 by 2022. This negative current account balance indicates the Lithuania is a net borrower from the whole world.
Scope of the Lithuania PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Lithuania.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Lithuania.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Lithuania.
- These reports provide risk analysis for Lithuania.
For more information and to purchase Lithuania PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lithuania-pestel-analysis-market-research-report
For more information and to purchase Lithuania SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lithuania-swot-analysis-market-research-report
For more information and to purchase Lithuania Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lithuania-risk-analysis-market-research-report
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